Anonymous Cat (ZCAT) is 393.1× the size of Leopardus tilcayo (TILCAYO) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.13 across 20 shared trading days). TILCAYO has been the more volatile of the two, at 21080% annualised against ZCAT's 340%.
$0.000130
TILCAYOZCAT
-0.13over 20 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | TILCAYO | ZCAT |
|---|---|---|
| Max drawdown (400d) | -99.2% | -55.7% |
| Risk-adjusted return (90d) | — | -0.08 |
Relative strength over 90 days: ZCAT outperformed TILCAYO by 60.9% — measured on the TILCAYO/ZCAT ratio, so it holds regardless of market direction.